Janet Yellen: “Fiscal policy, we have long known, under current policy is on an unsustainable course.”

the Biden Administration has generally taken the view that it is up to Congress to decide what to do about that.

We share the objective that you have which is to rid ourselves of dependence on China.

In 2034, under our budget, I believe it would be around 45 trillion.

President Biden proposed a full-blown budget that contains substantial deficit reduction, $3 trillion over 10 years.